Nobel Resources to begin drilling at Cuprita

Executive Summary

• Nobel Resources Corp. has commenced mobilization for its first diamond drill program at the Cuprita copper project in the Antofagasta Region, Chile, with drilling scheduled to begin during the week of January 12.
• All necessary permits for the initial drilling phase have been received from local authorities.
• The company highlights significant geological findings from 2025, including a leach cap, soil anomalies with copper values exceeding background levels by 300%, and structural features consistent with a buried porphyry copper deposit.

Key Details

• Drilling Schedule: Mobilization has commenced; drilling is set to begin the week of Jan. 12.
• Permits: All necessary permits for the initial drilling at Cuprita have been received.
• Geological Context: Cuprita is a copper porphyry project in the Atacama region, part of the metallogenic Paleocene porphyry copper belt hosting major deposits like El Salvador and Spence.
• Structural Setting: The project sits on a north-northeast-trending major structural corridor crosscut by a northwest-trending secondary structure, similar to world-class deposits.
• 2025 Field Campaign Findings:
  • Identification of a leach cap with associated copper, lead, and zinc anomalies in soils.
  • The leach cap and soil anomaly are adjacent to a ground magnetic low.
  • Located near the intersection of a major north-northeast-striking fault and numerous northwest-striking quartz veins with copper oxides.
  • Highest copper-in-soil values found southeast of the outcropping leach cap.
  • Soil values exhibit levels more than 300% above expected background levels.
  • Presence of a leach cap is considered exceptionally encouraging, indicating potential for a buried mineralized porphyry deposit.
  • Geological mapping identified large areas of tourmaline breccias, a favorable pathfinder for productive porphyry systems.
• Corporate Action (Stock Options): Issued 3.9 million stock options to officers and directors at an exercise price of $0.05 per share, exercisable for three years.
• Corporate Action (RSUs): Issued 3.6 million restricted share units (RSUs) to directors and officers, vesting annually over three years starting one year from the grant date.
• Regulatory Status: The grant of options and RSUs is subject to approval by the TSX Venture Exchange.

Notable Quotes

• "During 2025, our technical team identified highly prospective, near-surface copper targets at the Cuprita project. We are excited to commence drilling this large-scale, mineralized alteration system characterized by widespread copper minerals in outcrop. Nobel is the first company to drill test Cuprita, a copper project with exciting potential in a prolific copper mining region of Chile. This is a fabulous start to 2026 for the company." — Larry Guy, Chairman and CEO